News this week: Hong Kong-listed, mainland media group, CCID Consulting, released
its quarterly result for the three months ended 31st March 2015.
Revenues were US$3.6 million, a year-on-year decrease of 19%. However, the company’s
net profit jumped 57% from last year, amounting to US$174,000 in the quarter.
Earnings per share in the three-month period were RMB 0.0015.
More than half of CCID’s revenues were generated from its
management & strategic consultancy services, amounting to US$1.9 million –
a drop of 22% year-on-year. Management attributed the decrease in this business
segment to the expansion of other businesses within the company.
CCID’s second largest business segment, information
engineering supervision services, also slipped 26% to US$1.2 million, and
accounted for 32% of total revenues. The remaining revenues were generated from
market consultancy services, which grew 20% to US$613,000.
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